Ask the Right Questions in Your Vendor Security Assessments
This guide includes “must ask” questions to include in your questionnaire as part of your vendor risk management process before you start doing business with any vendor, no matter how crucial its services may be to your company. Headlines of new security threats and security incidents are justifiably concerning for security professionals and management teams alike. And with recent infamous cyberattacks like Solar Winds, Kaseya and Accellion happening more frequently and causing greater damage than ever, you need to be sure that you’re asking the right questions during the vendor risk assessment process with panorays.
Build an Effective Vendor Security Questionnaire
Effective vendor security questionnaires begin with selecting the questions that will elicit information from potential vendors that will have the greatest impact on your organization. If you want to learn what these 10 critical questions are and why they’re important to ask your vendors. The guide will help you jump-start the right way to build a relevant and effective vendor security questionnaire to assess your third parties. Additionally, it also provides greater insight into vendors’ alignment with the security appetite of your organization.
In today’s perilous cyber world, it’s crucial for companies to assess and monitor the security of their vendors, suppliers and business partners. Failing to do so can be risky, because hackers frequently steal sensitive enterprise data by targeting the third parties to which enterprises are connected. In addition, regulations like GDPR and NYDFS are holding businesses accountable questionnaires for their third parties’ cybersecurity and enforce stiff penalties for those that don’t comply.
For these reasons, companies must carefully check their vendors’ cyber posture, and the initial vetting of any third party typically begins with a comprehensive security questionnaire. But these can be a headache, because many include hundreds of questions, and many of them are irrelevant. A lot of companies would prefer to ask less questions, but don’t know what are the critical questions they have to ask.
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10 Key Questions to Include in Your Vendor Security Questionnaires